Tuesday’s fourth quarter and full year earnings report was a rare black eye for Bentonville-based Walmart, with earnings misses, declining operating income, and relative slowdown in online sales sending shares of the world’s largest retailer falling more than 10% in Tuesday trading.

Walmart on Tuesday (Feb. 20) reported fiscal 2018 – for the 12-month period ended Jan. 31 – net income of $9.862 billion, down 27.7% compared with $13.643 billion in fiscal 2017. Full year revenue, which includes sales and memberships, totaled $500.343 billion, up 3% compared with the $485.873 billion in fiscal 2017. The full year revenue was better than the consensus estimate of $498.78 billion. Adjusted earnings per share for the full year reached $4.42, just below the consensus estimate of $4.44.

Operating income for the fiscal year was $20.437 billion, down 10.2% compared to the previous fiscal year. MORE